FXCH

Guggenheim CurrencyShares® Chinese Renminbi Trust

 

The CurrencyShares Chinese Renminbi Trust is not an investment company registered under the Investment Company Act of 1940 or a commodity pool for purposes of the Commodity Exchange Act. Before making an investment decision, you should carefully consider the risk factors and other information by reading the current prospectus.

Last Market Price

as of

Change

|
FXCH

Snapshot as of

 
 
 

Overview

Investment Strategy

CurrencyShares Chinese Renminbi Trust is designed to track the price of the Chinese Renminbi.

Sponsor Guggenheim Specialized Products LLC
Distributor Guggenheim Distributors, LLC
Trustee The Bank of New York Mellon
Depository JPMorgan Chase Bank, N.A., London Branch
Exchange NYSE Arca
Lead Market Maker Knight Equity Markets, LP
 

Symbols

Related Bloomberg Symbol: FXCH
NAV Ticker: FXCH.NV
Underlying Trading Value Ticker: FXCH.TV

Authorized Participants

Knight Equity Markets, LP
Merrill Lynch Professional Clearing Corp.
Nomura Securities International, Inc.

 

Fund Data

 

Performance

 

Distributions

 


Distribution Schedule

Ex-Date
First business day of each month
Record Date
Third business day of each month
Payable Date
Sixth business day of each month
 

Definitions

Announced Date
Date on which the dividend payment is announced
Ex-Date
Date on or after which a security is traded without a previously declared dividend or distribution
Record Date
The date established by an issuer of a security for determining the shareholders who are entitled to receive a distribution.
Payable Date
Date on which a declared dividend is scheduled to be paid
Amount
Dollar amount distributed per share in U.S. dollars
 

About the Chinese Renminbi

 

Chinese Renminbi has been the official currency of China since 1949. The People’s Bank of China has been functioning as the central bank of China since 1983. After keeping its currency pegged to the USD, in July 2005 China revalued its currency by 2.1% against the USD and moved to an exchange rate system that references a basket of currencies said by the Chinese government to include currencies of China’s major trading partners such as the USD, Euro, Japanese Yen and Singapore Dollar. In 2008, during the global financial crisis, China pegged the Chinese Renminbi to the USD again. Amid international pressure to allow the currency to float freely, subject to market forces, China announced a return to the basket-based approach in July 2010. The mix of currencies contained in the “basket” is controlled by the Chinese government, and the exact allocations are unknown to the public.

As part of China’s plans to make Chinese Renminbi a more flexible currency for settling cross-border trade, with the ultimate aim of creating a freely floating (unpegged) currency, China has implemented two versions of its currency: the onshore version (CNY) and the offshore version (CNH). The reason for using two versions is to facilitate a controlled roll-out of Chinese Renminbi as an international currency for trade, investment and reserve, without exposing the Chinese economy to possible shocks. The advent of CNH began in 2003 when the People’s Bank of China and the Hong Kong Monetary Authority agreed that Hong Kong banks could conduct personal business in Chinese Renminbi on a trial basis and The Bank of China (Hong Kong) was designated as the Chinese Renminbi clearing bank. The roll-out progressed slowly until the summer of 2010, when a flurry of government initiatives led to, among other things, expansion of the CNY trade settlement scheme to include businesses from 20 provinces in mainland China, creation of CNH investment products, and increased opportunity for movement of CNH onto the mainland.

The Chinese Renminbi deposited into and held by the Trust, and accordingly represented by CurrencyShares, are the CNH version of the currency.

Source: CIA World Fact Book and Asia Society

Spot Price BidSpot Price AskIntraday Indicative Value data 5-10 second delay.

Performance displayed represents past performance, which is no guarantee of future results.
Investment return and principal value will fluctuate so that when shares of the CurrencyShares Trusts are redeemed, they may be worth more or less than original cost. Current performance may be lower or higher than the performance data quoted. Returns for performance under one year are cumulative, not annualized. Performance results are short-term and may not provide an adequate basis for evaluating the performance potential of the product over varying market conditions or economic cycles. Prices shown are in U.S. Dollars unless otherwise noted.


The Current Interest Rate accrues daily and pays out monthly for the respective currency's interest bearing account. The Current Interest Rate, set by the Depository, can fluctuate as frequently as daily to reflect the local overnight rate, market conditions and the Depository's liquidity needs. The 40 bps management fee charged by the sponsor will be paid out of interest earned and has not been accounted for in the Current Interest Rate stated above. Interest earned by the trust, if any, will accrue daily and will be used to pay trust expenses. Any excess interest will be distributed to shareholders monthly. There is no assurance any interest will be paid, and if paid, may not be the best available. If the trust’s expenses exceed interest earned, the trustee will withdraw the respective currency from the Trust to pay the excess, thereby reducing the amount of the currency represented by each share on an ongoing basis and may result in adverse tax consequences for shareholders.

Each of the CurrencyShares® Australian Dollar (FXA) Trust, CurrencyShares® British Pound Sterling (FXB) Trust, CurrencyShares® Canadian Dollar (FXC) Trust, CurrencyShares® Chinese Renminbi (FXCH) Trust, CurrencyShares® Euro (FXE) Trust, CurrencyShares® Japanese Yen (FXY) Trust, CurrencyShares® Singapore Dollar (FXSG) Trust, CurrencyShares® Swedish Krona (FXS) Trust and CurrencyShares® Swiss Franc (FXF) Trust (each a “Trust” and collectively, the “Trusts”) has filed a registration statement (including a prospectus) with the SEC for the offerings to which this communication relates. Before you invest in the shares of a Trust, you should read the prospectus in the registration statement and other documents the Trust has filed with the SEC for more complete information about the Trust and its offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, you may click the links above or the Trust will arrange to send you its prospectus if you request it by calling toll-free 800.820.0888.

The CurrencyShares Trusts are not investment companies registered under the Investment Company Act of 1940. The Trust(s) are not subject to the regulatory requirement of investment companies.

The value of the shares of each CurrencyShares Trust relates directly to the value of the foreign currency held by the particular Trust. This creates a concentration risk associated with fluctuations in the price of the applicable foreign currency. Accordingly, a decline in the price of that currency will have an adverse effect on the value of the shares of the particular CurrencyShares Trust. Factors that may have the effect of causing a decline in the price of a foreign currency include national debt levels and trade deficits, domestic and foreign inflation rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Shares of each CurrencyShares Trust are also subject to risks similar to those of stocks and may not be suitable for all investors.

This web site is for U.S. investors and the information contained within it is not an offer to sell or a solicitation of an offer to buy shares in any CurrencyShares Trust, nor shall any such shares be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction.

The information on this web site is for informational purposes only and is not, and is not intended to be, a complete discussion of all material information you should know about the CurrencyShares Trusts.

CurrencyShares® are subject to risks similar to those of stocks and may not be suitable for all investors. The value of the shares of each CurrencyShares Trust relates directly to the value of the foreign currency held by the particular Trust. This creates a concentration risk associated with fluctuations in the price of the applicable foreign currency. Accordingly, a decline in the price of that currency will have an adverse effect on the value of the shares of the particular CurrencyShares Trust. Factors that may have the effect of causing a decline in the price of a foreign currency include national debt levels and trade deficits, domestic and foreign interest rates, investment and trading activities of institutions and global or regional political, economic or financial events and situations. Investors should consider the investment objectives, risks, charges and expenses of these products carefully before investing. The prospectus pertaining to each product contains this and other information about the product. Please read the applicable prospectus, including the Risk Factors section, carefully before you invest. Shares can be bought and sold through a broker and the purchasers or sellers may have to pay brokerage commissions in connection with the transaction. Investment returns and principal value will fluctuate so that shares may be worth more or less than original cost. Shares may only be redeemed directly from the Trust by Authorized Participants via baskets (as defined in the prospectus). There can be no assurance that an active trading market for the shares will develop or be maintained.

Shares of each CurrencyShares Trust can be bought and sold through a broker; as such, investors may be required to pay brokerage commissions in connection with a purchase or sale. There can be no assurance that an active trading market for the shares of any CurrencyShares Trust will develop or be maintained. The risks associated with each of the CurrencyShares Trusts are not identical because of differences in the economies underlying each CurrencyShares Trust, as well as other considerations. For a more complete discussion of risk factors applicable to each CurrencyShares Trust, carefully read the particular Trust's prospectus.

Interest earned on the deposited currency, if any, will be used to pay the Trust's expenses. Any excess interest will be distributed to Shareholders monthly. Such interest is not expected to form a significant part of the Shareholders' investment return. If the Trust's expenses exceed interest earned, the Trustee will withdraw respective currency held by the Trust to pay the excess, thereby reducing the number of currency per Share. This may result in adverse tax consequences for shareholders. 

The NAV and Market Close performance may differ. A major reason for the difference is that timing discrepancies can exist between the NAV, which is calculated using WM/Reuters Closing Spot Rate and Market Close, which is calculated using Closing Price (last trade). WM/Reuters Closing Spot Rate is the exchange rate of the U.S. Dollar and the applicable foreign currency as determined by WM/Reuters as of 4:00 PM London time.  

NAV is calculated using WM/Reuters Closing Spot Rate. WM/Reuters Closing Spot Rate is the exchange rate of the U.S. Dollar and the applicable foreign currency as determined by WM/Reuters as of 4:00 PM London time. Prior to 11/13/2008, NAVs for each CurrencyShares Trust, except the CurrencyShares Russian Ruble Trust and the CurrencyShares Chinese Renminbi Trusts, were calculated using the Noon Buying Rate, as determined by the Federal Reserve Bank of New York. For more information, please read the prospectus. 

The WM/Reuters Closing Spot rates are provided by WM/Reuters and are used for certain currencies (the “Rates”) displayed herein. WM/Reuters shall not be liable for any errors in or delays in providing or making available the WM/Reuters Closing Spot rates, nor for any actions taken in reliance on the same. This information cannot be used, reproduced, distributed, redistributed, licensed or disclosed in any way without a written agreement with WM/Reuters. 

Spot Prices provided by FactSet. No warranty is given for the accuracy of these prices and no liability is accepted for reliance thereon. Prices are provided on a reasonable efforts basis and delays may occur both because of the delay in third parties communicating the information to the site and because of delays inherent in posting information over the Internet. Prices shown are indicative only and do not represent actionable quotations on prices of actual trades. 

The CurrencyShares Trusts are distributed by Guggenheim Funds Distributors, LLC. Guggenheim Investments represents the investment management businesses of Guggenheim Partners, LLC (“Guggenheim”), which includes Security Investors, LLC (“SI”). Guggenheim Specialized Products, LLC (“GSP”), the sponsor for the CurrencyShares Trusts, is a wholly owned subsidiary of SI. Guggenheim Funds Distributors, LLC, is affiliated with Guggenheim, SI and GSP.

© 2017 Guggenheim Distributors, LLC. All Rights Reserved.